Page 141 - Gst

SMEs: Preparedness and consultation are key for a smooth transition to GST

Did you take early steps, and speak to your customers and vendors about readiness?

Rera, GST hit developers; realty launches could dip this festive season

Launches to come down 25-30% in second half of 2018 in Mumbai

Pharma sector cries foul over GST hit on July sales

Sun Pharmaceuticals portfolio came down by 6.5%, Ranbaxy portfolio fell by 4.5%

Slow tax growth reflects companies' GST troubles

Corporation tax collection up only 7% in April-July FY18, against 12% a year ago

Textile exporters seek GST exemption to boost presence in global markets

Feared with Indian products to become uncompetitive with tax levy in global markets, textile exporters have urged the government to exempt this sector from the integrated goods and services tax (IGST) to boost India's exports.The GST council has finalized between 5 and 18 per cent of applicable IGST on various products depending upon the type, value and services involved in it. Additionally, 5 per cent GST is applicable on job work also. "Merchant exporters cannot benefit from the facility of exports under bond / LUT (Letter of Undertaking). There is no enabling document prescribed so far by the government under which goods can be cleared by a manufacturer without charging IGST meant for exports by a merchant exporter against bond/LUT. In absence of such a provision, therefore, the manufacturer charges IGST on the goods supplied to the merchant exporter meant for exports under Bond/LUT. In the erstwhile central excise regime, there was a facility under which a merchant exporter who ...

Online travel agents liable to deduct TCS under GST: CBEC

Online travel agents have been classified as e-commerce operators (ECO)

Dosa batter, custard powder, kitchen lighter may see cut in GST

Many businesses are deregistering their brands to avoid the GST

Remove tax uncertainty

GST should move towards more simplicity

GST: Conceptual and other misconceptions removed

Neither central excise nor service tax is really or intrinsically a VAT

What is applicability of GST on GP's fees paid by a hospital?

Such services should be liable to GST at the rate of 18%

GST will test investors' patience

Markets will not be happy if GST implementation remains an issue

Telangana govt to approach courts if GST on public projects not removed

CM K Chandrashekar Rao's govt would incur an additional financial burden of Rs 19,000 cr under GST

Tamil Nadu seeks tax revision on around 40 items under GST

Tamil Nadu has put forward a demand to reduce the tax rates for around 40 items under the Goods and Services Tax (GST), including the tax rate for job works, which has been reduced in a meeting held on Saturday, according to Tamil Nadu Finance Minister D Jayakumar.The government appealed the Fitment Committee that the firecracker industry, which provides job to around 8 lakh people in the state, and which has around 1170 of the total 1221 production units which are micro iindustries, will be hit by the 28 per cent tax and a downward revision should be considered. Matchsticks made using wax and others should be brought under the same GST rate, he added.He also said that the government has sought reducing the tax rate of wet grinder from 28 per cent to 12 per cent, fixing tax for biscuits at below Rs 100 per kilogram at 5 per cent and above Rs 100 per kilogram at 18 per cent, reducing price of compressor, steel and plastic furniture from 28 per cent to 18 per cent, recycled plastics ...

Garment manufacturers cheer GST rate cut in job work

GST Council cuts tax rate on services rendered by third parties from 18% to 5%

GST transition, low sales dent M&M's profit

Total cost of GST transition at profit before tax level stood at Rs 144 crore

Chocolate mithais to attract 5% GST, Centre clarifies

Rates for kulfi, dosa batter, portable toilets spelt out

Hybrid car sales hit bump after GST

Demand for hybrid cars are on a decline since July 1, when companies raised prices by as much as twenty per cent to pass on the impact of higher Goods and Services Tax (GST). In most other markets, the hike has been about ten per cent while the impact as almost 20 per cent in Delhi. Toyota, which was seeing a gradual acceptance of its Camry Hybrid, has seen demand dip by about 30 per cent. Maruti Suzuki, the biggest car maker, with its mild hybrid vehicles Ciaz and Ertiga, said a 'steep decline' is visible. Ciaz, a mid-size sedan had grown to become the largest vehicle in its segment. Of the 5,200 plus units of Ciaz sold by the company every month, seventy per cent happened to be the diesel variant with a mild hybrid. It is this model that is now significantly expensive. Take the case of the Sigma Smart Hybrid Ciaz. It was selling at an ex-showroom price of Rs 7.89 lakh in Delhi. This car now commands a price of Rs 9.42 lakh. The increase is Rs 1.53 lakh or about 19 per cent. In ...

Businesses can file July returns on GSTN from Aug 5

GSTN has tied up with 25 agency banks authorised by the RBI to collect taxes

GST impact: This festive season get discount but no gift voucher, freebie

In the new indirect tax regime, any freebie or gift also attracts the GST

IGST to be levied only once on high sea sales

There was ambiguity on whether IGST would be levied multiple times in such sales